The procedure detailed in this Section 3 shall be known as the "Money Back Guarantee Procedure".
For any equipment where the “Money Back Guarantee” is indicated in our website and auction catalog, Equippo herewith agrees to cancel the binding purchase of said Equipment (in each case the “Refund Equipment”) only if the following conditions are explicitly met in full (the “Return Conditions”):
The Parties agree, that any funds the Buyer has paid Equippo as payment of the Purchase Price for the Refund Equipment (in each case the "Funds") will only be returned to the Buyer after the Refund Equipment is back in Equippo’s actual possession. In every event where Equippo agrees to cancel a contract after the Refund Conditions have been satisfied, Equippo will pay back the Funds to the Buyer by bank transfer within 10 Business Days of gaining possession of the Refund Equipment, as far as the purchase price has been fully received by Equippo at that time, or as applicable, by cancellation or return of other payment instruments, such as letters of credit or bank guarantees if these were used for payment of the original Refund Equipment purchase.